One of the largest South Korean financial conglomerates has partenerd up with a major UK-based global bank to deepen cooperation in global finance and crypto assetsOne of the largest South Korean financial conglomerates has partenerd up with a major UK-based global bank to deepen cooperation in global finance and crypto assets

Crypto Push In Korea: Hana Financial And Standard Chartered Unveil New Deal

2026/03/16 19:16
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

One of the largest South Korean financial conglomerates has partenerd up with a major UK-based global bank to deepen cooperation in global finance and crypto assets.

A Transnational Crypto Deal

Incumbents are keen not to be left behind on the crypto curve, so much so that some of them are now joining forces. That seems to be the case for Hana Financial Group and Standard Chartered Group as on March 15th they announced the signing of a MOU (memorandum of understanding). By teaming up, the two lenders aim to turn stablecoins and other digital assets into a new growth engine alongside their existing international banking business.

According to The Korea Times, the signing ceremony took place at Hana’s Bank’s headquarters on March 13th. It was attended by Ham Young-joo, Chairman of Hana Financial Group, and Bill Winters, CEO of Standard Chartered Group. Seoul Economic Daily reports that Ham and Winters exchanged views on cooperation in global and digital assets. Chairman Ham stated that:

Winters emphasized on the capital importance that South Korea has in Asian financial markets, regarding the country as a “key hub”.

Shared Goals

The MOU covers stablecoins, deposit-token experiments, and future tokenized instruments, tying in Hana’s domestic stablecoin plans and pilots.

The Seoul Economic Daily contextualizes this move with Chairman Ham views of stablecoins as “core future business”. His goal with Hana Financial points to the building of an “ecosystem encompassing the issuance, distribution, use and circulation of (won-denominated stable) coins”, as he stated in his New Year’s address in January. In 2024, Hana Bank, BitGo, and SK Telecom set up BitGo Korea as the local arm focused on institutional crypto custody. In 2025, the Korean lender had an all-time high net profit of ₩4 trillion.

Standard Chartered already has a growing crypto footprint, from institutional custody services to pilots with tokenized bonds and other blockchain-based assets. The bank has also backed several stablecoin ventures in markets like Hong Kong.

This is not the first time Hana Bank and Standard Chartered team up. In December 2025, the UK-based global bank announced that it was facilitating Hana Securities first venture with digital assets.

A Crypto Race

Instead of chasing pure spot exposure, the South Korea’s big banks are now racing to build compliant rails around stablecoins, tokenized notes, and digital bonds that can plug directly into the regulated financial system, nudging the market away from retail speculation toward more structured corporate and banking participation.

This new deal marks another milestone in the latest wave of efforts by TradFi institutions to keep up with a rapidly evolving digital financial system.

Cover image from Perplexity, BTCUSD chart from Tradingview

Market Opportunity
Hana Logo
Hana Price(HANA)
$0.047307
$0.047307$0.047307
+2.46%
USD
Hana (HANA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42
Wall Street expert predicts 80% Tesla stock crash in 2026

Wall Street expert predicts 80% Tesla stock crash in 2026

The post Wall Street expert predicts 80% Tesla stock crash in 2026 appeared on BitcoinEthereumNews.com. Tesla (NASDAQ: TSLA) FSD – the autonomous driving technology
Share
BitcoinEthereumNews2026/03/16 22:04
The Economics of Self-Isolation: A Game-Theoretic Analysis of Contagion in a Free Economy

The Economics of Self-Isolation: A Game-Theoretic Analysis of Contagion in a Free Economy

Exploring how the costs of a pandemic can lead to a self-enforcing lockdown in a networked economy, analyzing the resulting changes in network structure and the existence of stable equilibria.
Share
Hackernoon2025/09/17 23:00